Gmex takes stake in post-trade start-up

Gmex's chief executive Hirander Misra will join Avenir’s board as part of the deal

Hirander Misra, Gmex

By

James Rundle

January 28, 2015 Updated: 7:38 p.m. GMT

Global Markets Exchange Group, a fledgling derivatives exchange owned in part by Deutsche Börse, has itself taken a strategic stake in a UK-based post-trade specialist amid a regulatory push for risk management services.

Gmex said Wednesday that it had taken a stake in Avenir Technology, which provides technology for exchanges, clearing houses, central securities depositories and share registrars across multiple asset classes.